Simmons First National Corporation (NASDAQ:SFNC) has received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $61.75.

A number of analysts recently issued reports on SFNC shares. Stephens set a $64.00 price target on shares of Simmons First National and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded shares of Simmons First National from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price target on shares of Simmons First National in a research note on Thursday, October 5th. Finally, Sandler O’Neill restated a “hold” rating and issued a $62.00 price target on shares of Simmons First National in a research note on Tuesday, October 24th.

Simmons First National (SFNC) opened at $55.45 on Thursday. Simmons First National has a 12-month low of $49.75 and a 12-month high of $67.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $2,569.72, a price-to-earnings ratio of 16.84 and a beta of 1.14.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 1.80%. Simmons First National’s payout ratio is 31.65%.

In other news, Director Christopher R. Kirkland sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $55.12, for a total transaction of $2,756,000.00. Following the completion of the transaction, the director now owns 208,276 shares in the company, valued at $11,480,173.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher R. Kirkland sold 160,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $57.11, for a total transaction of $9,137,600.00. Following the transaction, the director now owns 76,949 shares of the company’s stock, valued at approximately $4,394,557.39. The disclosure for this sale can be found here. In the last quarter, insiders have sold 522,177 shares of company stock valued at $29,366,083. 4.63% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its holdings in Simmons First National by 63.9% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after purchasing an additional 831 shares during the period. Victory Capital Management Inc. lifted its holdings in Simmons First National by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after purchasing an additional 476 shares during the period. Amalgamated Bank lifted its holdings in Simmons First National by 3.8% in the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after purchasing an additional 151 shares during the period. Ifrah Financial Services Inc. acquired a new stake in Simmons First National in the third quarter worth about $246,000. Finally, Aperio Group LLC acquired a new stake in Simmons First National in the second quarter worth about $234,000. 51.33% of the stock is owned by institutional investors and hedge funds.

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Simmons First National Company Profile

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri, Tennessee, Colorado, Oklahoma and Texas.

Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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